UAE

Nabawi Mosque, Madina, Saudi Arabia
Bilateral Saudi, UAE Digital Currency Experiment Shows Benefits of Distributed Ledgers, Central Banks Say
A joint Saudi and UAE CBDC pilot found that a distributed payment system offers “significant improvement over centralized payment systems.”
Nabawi Mosque, Madina, Saudi Arabia

UAE
BitOasis Clears Hurdle in Bid to Launch Regulated Crypto Asset Exchange
BitOasis has secured an in-principle approval, taking it one step closer to offering a regulated crypto exchange to the Middle East.
UAE

Dubai. (shutterlk/Shutterstock)
Bithumb Kicks Off Middle East Expansion With UAE Crypto Exchange
South Korean cryptocurrency exchange Bithumb plans to expand in the Middle East, starting with a licensed exchange in the UAE.
Dubai. (shutterlk/Shutterstock)

UAE dirhams
Two Remittance Firms Go Live With Ripple-Based Payments to Thailand
Remittance firms UAE Exchange and Unimoni now offer blockchain-based payments to Thailand using RippleNet.
UAE dirhams

Saudi banknote
Saudi Arabia, UAE Aim to Cut Payments Costs With Common Digital Currency
Saudi Arabia and the United Arab Emirates are hoping a shared digital currency can cut remittance costs between the two countries.
Saudi banknote

UAE coins money
UAE Remittance Firm Launching Ripple-Based Payments in Q1 2019
Abu Dhabi-based money transmitter UAE Exchange is working with Ripple to launch blockchain remittances to Asia early next year.
UAE coins money

Abu Dhabi
Blockchain 'Radically Simplifies' KYC, Say UAE Trial Participants
An Abu Dhabi financial center and KPMG say they have successfully completed a trial of a blockchain-based know-your-customer application.
Abu Dhabi

dirhams, dubai
United Arab Emirates to Allow ICOs as Corporate Funding Option
The U.A.E. plans to introduce regulations that would permit initial coin offerings to be used as a means of fundraising for domestic companies.
dirhams, dubai

oil
Oil Data Firm Platts Rolls Out Commercial Blockchain Platform
Energy markets data provider S&P Global Platts has announced the commercial deployment of a blockchain network for sharing oil inventories.
oil

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UAE Financial Watchdog Warns Investors Over ICO Risks
A financial regulator in the UAE has issued a warning to investors on the risks of participating in token sale activities.
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